South Dakota § 1-53-27 Purchase and acquisition of property securing indebtedness.

South Dakota Statutes

§ 1-53-27 — Purchase and acquisition of property securing indebtedness.

South Dakota § 1-53-27

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-52GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT

This text of South Dakota § 1-53-27 (Purchase and acquisition of property securing indebtedness.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 1-53-27 (2026).

Text

The commissioner of the Governor's Office of Economic Development, with the approval of the Governor, is authorized and empowered to bid for and purchase at any execution, foreclosure, or other sale, or otherwise to acquire property upon which the commissioner has a lien by reason of a judgment or execution, or which is pledged, mortgaged, conveyed, or which otherwise secures any loan or other indebtedness owing to or acquired by the commissioner under §§ 1-53-23 to 1-53-37 , inclusive.

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The commissioner of the Governor's Office of Economic Development, with the approval of the Governor, is authorized and empowered to bid for and purchase at any execution, foreclosure, or other sale, or otherwise to acquire property upon which the commissioner has a lien by reason of a judgment or execution, or which is pledged, mortgaged, conveyed, or which otherwise secures any loan or other indebtedness owing to or acquired by the commissioner under §§ 1-53-23 to 1-53-37 , inclusive.